Trade-war tracker: Here are the new levies, imposed and threatened

By Steve Goldstein / August 27, 2018 / www.marketwatch.com / Article Link

As rhetoric on global trade ratchets higher, here's a look at what new tariffs have been imposed and what has been threatened this year.

Imposer Target Subject Rate Imposed or threatened
U.S. China, South Korea and Mexico Washing machines 20%-50% Imposed
U.S. Most countries, notably China Solar panels 30% Imposed
U.S. Canada Newsprint 22% Imposed
U.S. European Union, Canada, Mexico and most other countries Steel 25% Imposed
U.S. European Union, Canada, Mexico and most other countries Aluminum 10% Imposed
U.S. Turkey Steel 50% Imposed
Turkey U.S. Cars, alcoholic drinks, tobacco, coal, makeup and rice Doubled to as high as 140% Imposed
European Union U.S. Bourbon, orange juice, jeans and other products 25% Imposed
Mexico U.S. $3 billion of U.S. goods including steel and pork 20%-25% Imposed
Canada U.S. $12.8 billion of U.S. goods including maple syrup and whiskey 10-25% Imposed
European Union Most countries, except for "some developing countries." Import tariff quotas on a number of steel products 25%, once imports exceed the average over the last three years Imposed
India U.S. $241 million of apples, stainless steel and other products. 7.5%-60% To take effect Sept. 18
U.S. China $50 billion of goods 25% Imposed
China U.S. $50 billion of U.S. goods 25% Imposed
U.S. China Additional $200 billion of goods 25% Threatened
China U.S. Additional $60 billion of products 5%-25% Threatened
U.S. European Union Automobiles 20% Threatened
U.S. Uranium Threatened

The context of these tariffs is the trade deficit the U.S. runs, which totaled $568 billion in 2017. The Trump administration maintains that the size of that gap is due to unfair trade agreements. Critics point out that U.S. consumers are the beneficiaries of this gap.

President Trump first announced his intention to impose steel and aluminum tariffs on March 1, and the Dow Jones Industrial Average DJIA, +0.23% only recently has advanced after being stuck in a narrow range for months.

Related stories: Why a major trade war could mean a 'full-blown recession'

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